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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Neutral: In a 1.1120/1.1290 range. The neutral phase in EUR that started last Friday is still clearly intact. At this stage, there is no pre-indication that this pair is about to break out of the expected sideway trading range of 1.1120/1.1290. GBP/USD: Bearish: Increasing risk of a short-term low. The bearish phase that started about two weeks ago appears to be close to completion. Unless there is a sustained move back below 1.2980 by end of the day, a break above 1.3060 would not be surprising. A move above 1.3060 would indicate that GBP has moved into a neutral consolidation phase, likely within a ... (full story)